Polyvinyl Butyral (PVB) Films & Sheets Market to experience an impressive growth of 4.8% during 2018-2023

Addressing the most sought-after questions that occupy the minds of entrepreneurs and decision makers, the new report of "Stratview Research" on the Polyvinyl Butyral (PVB) Films & Sheets Market, answers all the important questions.

Getting to the bare bones of the issues and factors which are sculpturing the market, Stratview Research brings out the best actionable market intelligence for the global Polyvinyl Butyral (PVB) Films & Sheets Market.

The analysts have scrupulously studied the trend and cautiously forecasted the future market developments for 2018-2023.
The important questions the report answers are:
1. What will be the market growth rate in the near future?
2. What are the major developments in the market wrt regulations, acquisitions and innovations?
3. What are the growth drivers as well as the constraints?
4. What are the regional growth hotspots?
5. What are the segmental growth forecasts?

These questions and many more, big and small, are all discussed in the report in great detail.

The Global PVB Films & Sheets Market Growth and Forecast:
The predominant application of polyvinyl butyral (PVB) resin is thin films and sheets, which found usage in the automotive and building & construction industries. PVB films & sheets are widely used in automotive applications as an interlayer in the windshield. They also found applications in luxury cars to make side and roof glass to increase safety and to reduce noise and light transfer. Furthermore, in the building and construction industry, these films & sheets are used for window covering with the purpose to promote energy saving and to reduce noise. PVB resin also finds some usage in solar panel encapsulants but its relatively a small market at a present scenario.

The strategic Market dissection
The dissection of the market is done to enlighten the aspects which are of interest to firms across the value chain.

Dissection by Segments
• by End-Use Industry Type : Automotive, Construction and Others
• by Region : North America, Europe, Asia-Pacific, and RoW

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The Growth Prognosis & its Drivers
The global PVB films & sheets market is projected to grow at an impressive CAGR of 4.8% during the period of 2018 to 2023. This represents an attractive growth opportunity in the entire ecosystem of the market. Healthy growth automotive and construction industries, especially in the emerging economies; increasing demand for energy-saving buildings, growing disposable income of consumers in developing countries, and increased concern towards global warming are flourishing the growth of the PVB films & sheets market.

Market Segments
Based on the end-use industry, the PVB films & sheets market is segmented as Automotive, Building & Construction, Solar Energy, and Others. The automotive segment holds more than half of the share of the total PVB films & sheets market. An extensive usage of PVB films & sheets in the automotive industry to increase safety and to reduce noise and light transfer is primarily driving the demand for PVB resins in the automotive industry.
ased on the regions, Asia-Pacific is expected to remain the largest PVB films & sheets market during the forecast period of 2018 to 2023. The region is also likely to experience a healthy growth during the same period. Rapidly expanding automotive and construction industries in the developing economies of the region, such as China and India, is the major driving factor behind the dominance of the Asia-Pacific region in the PVB films & sheets market. Out of the total vehicles produced worldwide during 2018-2023, approximately 54.2% will be produced in Asia-Pacific only, mainly in China, Japan, South Korea, India, and Thailand.

Players
The supply chain of this market comprises of PVB resin manufacturers, PVB films & sheets manufacturers, distributors, and end users. The key manufacturers of PVB resins are Eastman Chemical Company, Kuraray Co., Ltd., Sekisui Chemical Co., Ltd., Huakai Plastic (Chongqing) Co., Ltd., and Zhejiang Decent Plastic Co., Ltd. Capacity expansion, backward integration, and formation of strategic alliances are the key strategies adopted by the major players to gain a competitive edge in the market.

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This release was published on openPR.